Collective Health, an enterprise health insurance software and services provider, has raised $81 million in Series C funding. Google Ventures and previous backers NEA and Founders Fund all invested, as did Maverick Capital, Redpoint Ventures and RRE Ventures. The company will use the funds to expand its offering beyond California for the first time. “We’re working to shift the focus of health insurance from profits to people,” said Ali Diab, CEO of Collective Health. “This significant infusion of capital comes at the perfect moment, enabling us to make our solution available to companies across the U.S. The funding will also enable us to continue to invest in building out our world-class team, forge new relationships with key partners and significantly grow our customer base. Ultimately, this funding will give Collective Health a big boost in our mission to make the healthcare experience in our country something we can all feel proud of.”
Singaporean grocery delivery startup honestbee has raised $15 million in funding. Formation 8 led the round, with participation from Pejman Mar Ventures, Gideon Yu, Owen Van Natta and Steve Chen. “We are very excited and blessed to have been able to attract support from some of the most successful entrepreneurs and investors with unparalleled track records in the world. honestbee will benefit tremendously, as we now have immediate access to the top minds who have built the most valuable technology companies in the world today, such as Amazon, YouTube, Google, Square, Dropbox, DoorDash and Palantir,” said co-founder, Isaac Tay.
Silk Road Medical, a developer of surgical solutions for treating strokes, has secured $57 million in debt and equity financing. CRG led the debt financing and participating in the equity investment with Warburg Pincus and The Vertical Group. “The strength of this financing is a testament to the large opportunity we have to solve unmet clinical needs and lead the next endovascular revolution with TCAR,” said Erica Rogers, Chief Executive Officer of Silk Road Medical. “Our proprietary advances in temporary, robust flow reversal technology and transcarotid catheter designs help physicians treat this unforgiving disease in a minimally invasive manner with low risk of procedural complications like stroke, heart attack and nerve injury. We are thrilled to welcome CRG as a new investor and grateful for the continued support of our existing investors.”
Delos, a wellness real and estate and technology company, has completed an equity investment raise. The amount raised was not disclosed by the company. Jeff Vinik and Cascade Investment led the round, with participation from Sino Ocean Land Holding. “Jeff Vinik, Cascade Investment and Sino Ocean Land Holding Limited are some of the best in class and most respected investors in the private equity space, and we are honored to have them onboard,” said Delos Founder and CEO Paul Scialla. “Delos is merging the largest asset class in the world – real estate – with the fastest growing industry in the world – wellness – and we believe the opportunity for growth in wellness real estate is tremendous.”